Since March of this year Turkey has exported $11.7 billion in gold bullion, over 90% of which was carried over the border on its way to Iran or the United Arab Emirates. What’s happening? Turkey is buying oil. Not with wire transfers or cash, but with gold bullion. They can’t buy Iranian oil through the …
By the 0.1% I mean, of course, the ultra-wealthy. This is not the same group as the 1%. The 0.1% play at an entirely different level. These are the folks who are worth hundreds of millions of dollars, and sometimes billions. They use their money to buy influence at every level of government. Their financial …
When was the last time your investment advisor recommended you buy physical gold in the form of gold bullion coins or bars? I’m pretty sure he or she never has. How come? The quick and simple answer is that your investment advisor won’t make a penny on the transaction. They won’t get a commission. Nor …
Gold has a spot price value, measured in dollars. We can look at that each day and, recently, we can watch it rise and rise, seemingly with no end in sight. But gold’s value isn`t always measured just in dollars. And that’s what makes it such an interesting, complex and sometimes confusing asset. For …